The Weston wattmeter movement, I believe, is a more or less standard for the era and consists of a fixed winding (potential) and a rotating winding (current). A couple years ago, I disassembled a 1930's manufactured electrodynamic wattmeter, some photos below. It used a transformer instead of series resistance to limit current in the potential winding. The net torque on the pointer in these instruments is thus proportional to the product of the potential and current coil magnetic fields, i.e., true power.
Note the heavy damping on the moving pointer via the aluminum "paddle" - since the instrument is rated from DC to 120 Hz (the one I took apart), and since there was some 25 Hz distribution used in that era (think it's pretty much limited to railroad use now, but some large factory motors used 25 Hz in that era), heavy damping is needed to stabilize the pointer at the lower end of the frequency range.